• Raised A$9 million via convertible loans from unrelated sophisticated and professional investors
• Funds to be used for general working capital, including progressing to underground gold production and sales from the Reward Gold Mine
• Convertible loans to be converted into shares at the lesser of A$0.14 or 5-day VWAP

Vertex Minerals Limited (ASX:VTX) has announced that it has raised A$9 million via the issue of convertible loans to unrelated sophisticated and professional investors. The funding was raised in two tranches, with A$6 million secured immediately and a further A$3 million to follow on or about 30 April 2026. The convertible loans will be converted into fully paid ordinary shares in the company at the lesser of A$0.14 or the company's 5-day VWAP price per share at the time of conversion, subject to shareholder approval. Additionally, for every three shares subscribed for under the convertible loans, investors will receive one free attaching option with an exercise price of A$0.15 and an expiry date of 17 July 2027. The company intends to use the funds raised from the convertible loans towards general working capital requirements, including progressing to mainstream underground gold production and sales from the Reward Gold Mine in Hill End, New South Wales. Vertex's Executive Chairman, Roger Jackson, acknowledged the ongoing financial support from the company's lending syndicates and stated that the new funding represents significant financial support towards Vertex's progress with ground gold production and sales from the Reward Gold Mine.

The company intends to use the funds raised from the convertible loans towards general working capital requirements, including progressing to mainstream underground gold production and sales from the Reward Gold Mine in Hill End, New South Wales.